According to a research report, having access to financial data quickly and easily is essential for Finance Officers in any Organizations. The degree of automation in the financial activities is crucial for achieving a real-time view of the data while automation ranked first among a list of various priorities related to financial operations. As CFO's priorities, in addition to cost effective solution and controlled process, they also consider the connected financial impact in future and make plans in line with it. Distintive technologies like automation, Machine Learnings, cloud Archiving and computing, the handshaking with such solutions must be understood in this context.

Invoice management in many organizations is a manual weighed down tedious processes, by automiating this accounts payable (AP) team could streamline cash flow and improvise the vendor relationship without . We transit manual, document-centric operations to completely automated, streamlined intelligent processes by customizing Vendor Invoice Management for SAP by OpenText.

Fast Track Operations: Document-centric SAP processes being Streamlined across the enterprise to speed-up Accounts Payable processes towards invoices & payment.

Improved Productivity: Prioritizing invoices intelligently by automated validation, routing, approval and fulfillment processes for enhanced AP and Vendor experience.

Compliances: Capabilities of pre-configuring National & Internationals rules it follows the best practices to ensure it remains compliant at every stage of the work cycle.

Insights & control: With digital informations, organizations can make reports, forecast, and manage the process. It enables the client to prevent budget overruns.

Optimizing Workflows: User experience based constant enhancements are done on the analytics and agility for improved workflow add-ons in the the system processes

OpenText™ Vendor Invoice Management for SAP® Solutions is a leading invoice management and processing solution that fully integrates with SAP. The solution optimizes and automates end-to-end processing invoices from inbound to posting for payments using pre-configured rules, roles and actions. The solution includes custom invoice document processes

As a completely pre-configured solution, VIM accomplishes to receive invoices, to transform, validate and finally approve and post for the payment. VIM accepts invoices from any channel in the most common formats like traditional paper invoices that are scanned, email, PDF and XML invoices submitted electronically or invoices received directly from the supplier through EDI or a business network such as Ariba. All invoices have common information such as vendor details, Amount, Taxes, items, payment terms etc. with complete transparency throughout the process. Some of the key features are:

• ECM integration
• Intelligent capture
• Machine learning and AI
• Pre-configured rules, roles and actions
• Compliance integrations
• Native & SAP Fiori user interfaces